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Supply
Chain by the Numbers |
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- Sept. 12, 2024
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Amazon Making Moves to Cut Grocery Gap with Walmart. New Supply Chain Risk Management Tool from Commerce Deptartment. UPS Planning more Layoffs. Giant Verdict againt Truck Trailer Maker Wabash |
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| 20% |
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| TThat is Walmart’s share of the US grocery market, combining in-store and on-line, versus just 2.7% for Amazon, as of the Q2 numbers, according to the PYMNTS.com web site. Grocery remains the one sector Amazon can’t seem to dominate. Why is this in the news this week? Amazon is making moves aimed at boosting its share of the grocery market. This week, Amazon said consumers in the Seattle area can now order same-day grocery delivery from local merchant Metropolitan Market on Amazon’s marketplace. In another move, Amazon is also expanding its existing grocery delivery partnership with Weis Markets to six additional locations. There’s more. In separate news, Amazon introduced grocery discounts for Prime members at its Amazon Fresh grocery stores, and a new private-label brand called Amazon Saver. The new offering is a “no-frills” brand with most items, such as breakfast syrup and crackers, priced under $5. |
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That was the massive judgement against truck trailer manufacturer Wabash as decided by a jury in Missouri state court late last week. The accident involved a fatal crash of a car into the back of a truck in 2019, killing two people. The verdict included $450 million in punitive damages and $6 million each to the families of the two victims in compensatory damages. Experts say the judgement could have major implications for the trucking industry, which has resisted regulations to require impact guard equipment to prevent cars from sliding underneath trailers, causing fatal accidents. That as so called “nuclear verdicts” involving huge awards against carriers and now equipment makers involved in accidents roils the trucking industry. |
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12,000 |
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| That is how many white collar jobs UPS announced in January that it would cut in 2024 in a move to improve profitability. UPS drivers and some other blue collar workers were largely protected from the layoffs by the new contract signed by the union in the summer of 2034. The job cuts apparently aren’t enough to get the job done, as this week UPS announced that there will be additions layoffs that are part of ongoing cost reduction efforts since the January layoffs news. The number of these new RIFs was not provided this week. The job cuts announced in January came as the parcel giant reported early this year that it saw declines in volume, revenue and operating profit in all of its business segments for 2023, which UPS CEO Carol Tomé called “a difficult and disappointing year.” |
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That is the number of indicators used to assess geopolitical, logistical and technology risks that are used by a new software tool recently unveiled by the Commerce Dept. The diagnostic tool, known as Scale, is meant to assess economic and national security concerns within supply chains, such as political tensions or natural disasters. It also can identify current vulnerabilities and detect future risk as well across specific goods and industries. According to Commerce Secretary Gina Raimondo, the new tool “tries to take into account all of the various factors that can affect a supply chain," including such factors as geopolitical risk, labor problems, climate issues and where materials are concentrated. More on this soon from SCDigest.
